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VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.

40 Years of Mmmm

In 1972, the Dow Jones closed above 1,000 for the first time, the Olympic Games in Munich were marred by the killings of 11 Israeli athletes, gasoline averaged 55 cents a gallon, Bobby Fischer became the world chess champion and the last U.S. troops withdrew from Vietnam. It was also a notable year for German automaker BMW, as that year saw the birth of its famed M division.

MOTORPOINT GETS A NEW TRAINER

MOTORPOINT has appointed Minty Singh as its new training manager. Minty joins the Derby-based car supermarket giant from British Gas, where until recently she was the Renewals Manager within its Business division, responsible for a team of 50 advisors. She started her career as a foreign language teacher at her former school in Loughborough.